# Ahead of state polls, govt takes steps to control food inflation | Pune News - The Indian Express

> India has extended the window for pulses and soymeal imports to arrive by January 31, 2022, after imposing stock limits on pulses. The government is acting ahead of state elections amid erratic monsoon rains and uncertainty over kharif harvests, and has also cut edible oil import duties.

- Date: 2021-09-15 · published 2021-09-15T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/45020-ahead-of-state-polls-govt-takes-steps-to-control-food-inflation-pune-news-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Extended soymeal import access supports Indian demand for meal and tightens domestic supply, while the duty cuts on edible oils add to import demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-05-20 | [Argentine President touts tax hikes to curb food inflation, lacks Congress support](https://feedsoft.ai/events/14032-argentine-president-touts-tax-hikes-to-curb-food-inflation-lacks-congress.md) | +1.1% | +0.9% |
| SBM | 2022-06-27 | [Food export bans, from India to Argentina, risk fueling inflation](https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation.md) | +5.4% | -0.6% |
| SBM | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +1.4% | -3.3% |
| SBM | 2020-09-16 | [Green Deal: measures to step up the fight against global deforestation](https://feedsoft.ai/events/51139-green-deal-measures-to-step-up-the-fight-against-global-deforestation.md) | +7.3% | +14.1% |
| SBM | 2016-12-05 | [Demonetisation puts brakes on agri-commodity exports \| Demonetisation Impact - Business Standard](https://feedsoft.ai/events/73434-demonetisation-puts-brakes-on-agri-commodity-exports-demonetisation-impact.md) | +2.2% | -0.8% |
| PALMOIL | 2018-03-21 | [On UN Forests Day, new studies put EU in position to take action on deforestation - EIA](https://feedsoft.ai/events/66018-on-un-forests-day-new-studies-put-eu-in-position-to-take-action-on.md) | +0.2% | +0.3% |
| PALMOIL | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +1.1% | -2.1% |
| PALMOIL | 2022-09-12 | [Why several Asian economies brought in agri export curbs in 2022 \| Explained News - The Indian Express](https://feedsoft.ai/events/39560-why-several-asian-economies-brought-in-agri-export-curbs-in-2022-explained-news.md) | +2.4% | +0.1% |

## Sources

- indianexpress.com: https://indianexpress.com/article/cities/pune/ahead-of-state-polls-govt-takes-steps-to-control-food-inflation-7511570/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.